Thursday, August 8, 2013


eBay Inc. provides online platforms, tools, and services to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. Its Marketplaces segment operates ecommerce platform; vertical shopping sites, such as StubHub, Fashion, Motors, and; and classifieds Websites, including Den BlÄ Avis, BilBasen, Gumtree, Kijiji, LoQUo,,, Alamaula, eBay Anuncios, eBay Kleinanzeigen, and eBay Annunci, as well as provides advertising services. This segment also provides RedLaser to facilitate mobile commerce; Milo to enable search for goods at local retailers; WHI to offer an ecatalog of motor parts and accessories; and Hunch to improve search and merchandising based on customers' needs and tastes. The company's Payments segment offers payment and settlement services for consumers and merchants on and off eBay Websites and other merchant Websites. This segment operates PayPal, which enables individuals and businesses to send and receive payments online and through mobile devices.
Please take a look at the 1-year chart of EBAY (eBay, Inc.) below with my added notations:
1-year chart of EBAY (eBay, Inc.) EBAY has been holding a very important level of support of $50 (navy) since December of last year. You can also see that $50 had been a resistance (red) prior to that back in October and November. No matter what the market has or has not done since December, the stock has held that $50 level. EBAY is approaching $50 again and that should provide another bounce higher, but if the overall market sells-off, EBAY could break that support.
The Tale of the Tape: EBAY has a very strong level of support at $50. A trader could enter a long position at $50 with a stop placed under the level. If the stock were to break below the support, a short position would be recommended instead.
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